access to credit for people needing to refinance, has been crucially important to ensuring that the economy has started to heal and that he housing market has begun to heal, and without fha, a clearly we would be in a much more difficult situation in terms of the housing recovery than we are today. one slide i do want to show, and i don't know if it shows in color there very well -- is on this point of our market share and what we did and when we did it. and the reason this is important is, fha really had very low market share prior to the crisis. what happened during the crisis was a lot of-what should would call, reckless lending, subprime lending, fha didn't go there. the reason we had low market share is many people being sucked into the subprime mortgages during that period of time, and fha was still requiring 30-year, fully documented, fully amortizing loans, and so when people could go somewhere else, they did. what happened -- and it's probably hard to see for some of you but starting in 2007, 2008, if you look at the whether you -- blue bars, those are refinancing. what happened is